First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $16.93 and last traded at $16.9450, with a volume of 1,315,360 shares changing hands. The stock had previously closed at $17.05.
First Trust Preferred Securities and Income ETF Stock Performance
The business has a 50 day moving average of $17.42 and a 200 day moving average of $17.77.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Timbuktu Capital Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $27,000. Ascentis Independent Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $29,000. Allied Private Wealth LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $30,000. Versant Capital Management Inc purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $45,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $61,000.
About First Trust Preferred Securities and Income ETF
The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.
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